SEC Form 4 · accession 0000909143-16-000053
Ashford Inc. · AINC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David A Brooks
Officer — COO, Gen Counsel & Secretary
Period of report
Mar 31, 2016
Accepted (ET)
Apr 1, 2016 · 6:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001604738
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to purchase)F1 | $45.59 | Mar 31, 2016 | A | 40,000 | A | Mar 31, 2019 | Mar 31, 2026 | Common Stock | 40,000 | 40,000 | D |
| Stock Options (right to purchase) | $85.97 | holding | — | — | — | Dec 11, 2017 | Dec 11, 2022 | Common Stock | 40,000 | 40,000 | D |
| Common UnitsF2 | $0.00 | holding | — | — | — | — | — | Common Stock | 287 | 287 | D |
Explanation of responses
- F1The options were acquired from the Issuer in a grant under the Issuer's 2014 Incentive Plan.
- F2Common units ("Common Units") in Ashford Hospitality Advisors LLC, the Issuer's operating subsidiary, owned by the Reporting Person. Common Units are redeemable for cash or, at the option of the Issuer, convertible into shares of the Issuer's common stock on a 1-for-1 basis. The Common Units have no expiration date.